Sell Silver Around 65500 SL Above 65800 TGT 65200/64900 - Axis Securities
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Silver
Silver prices closed on a flat note in lass trading session around 64960 level. Overall trend in negative for prices as it is trading below 60 days EMA and RSI is also below 60 level which indicate that momentum in flat. We expect Silver prices to remain under pressure as long it is trading below 65500 level that level can be used as an selling opportunity for the target of 65200 on intraday basis.
SELL SILVER AROUND 65500 SL ABOVE 65800 TGT 65200/64900
Crude oil
Crude oil prices traded volatile in last trading session. Crude oil prices gave a gap down opening in last trading session. However, it managed to recover in the evening session and closed on a flat note around 6180 level. However short-term trend is looking negative for prices as it Is trading below 60 days EMA and RSI is also below 60 level. Rallied towards 6220 can be used as an selling opportunity for the target of 6190 on intraday basis.
SELL CRUDE OIL AROUND 6220 SL ABOVE 6250 TGT 6190/6140
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